noble1ones

noble1ones

This will take a minimum of 3 chart parts to get a read up to date.

noble1ones

Minor wave 5 in subminuette wave 3 is complete as well as subminuette wave 3. Next move potentially subminuette wave 4. Otherwise this can be an ABC corrective Minor Count in the primary degree from the November 21st low, and Bitcoin is going to go back down hard. I believe that the Primary degree correction that began in November last year reached its completion...

noble1ones

Correction: Previously I stated; " I believe that micro wave 4 developed into a complex correction that currently ended with a running 'flat'(error) triangle formation." Corrected to: 'Running Triangle' formation. The Flat was the first correction in the double correction. It was an Expanded Flat. The X wave connecting the Expanded Flat to the Running Triangle...

noble1ones

This was stated in a prior posted chart of mine: "Micro degree in pink implies that micro wave 3 in subminuette Wave 3 is complete. Next move should be a down or a sideways move in micro wave 4. Micro wave 4 of subminuette wave 3 could develop into a triangle or a complex combination of some sort. Then the next move of interest will be progressive micro wave 5 to...

noble1ones

Correction to prior count has been applied. Currently still in regressive wave 4 of progressive wave 3 since wave 4 doesn't appear to have completed as was implied in the prior update. Apologies, my bad. Pattern appears to be an Expanded Flat in Wave "W" in a complex combination of some sort. X wave connector also appears to be an Expanded Flat. Let's see what follows.

noble1ones

Subminuette wave 4 appears to have completed with an ending diagonal within wave 5 of wave C in an expanded flat. Breakout of ending diagonal is occurring, in my humble opinion.

noble1ones

Now that's a simple BULLISH 'reversal' chart pattern to understand. A picture is worth a thousand words.......... To the MOON ALICE!

noble1ones

Micro degree in pink implies that micro wave 3 in subminuette Wave 3 is complete. Next move should be a down or a sideways move in micro wave 4. Micro wave 4 of subminuette wave 3 could develop into a triangle or a complex combination of some sort. Then the next move of interest will be progressive micro wave 5 to complete subminuette Wave 3.

noble1ones

Regressive Wave 2 in progressive Wave 3 Appears complete or very near completion, in my humble opinion.

noble1ones

The last leg in the final correction of the double 3 combination being a Zig-Zag,wave 5, has printed and that terminates the correction, in my humble opinion. At a higher degree this is the low in wave 2 and the next move should be in a strong progressive wave 3 at a higher degree. 2B bottom 'buy in' signal should reestablish and revalidate itself on the daily shortly.

noble1ones

This count makes much more sense to me. An Expanded Flat(3-3-5)My original thesis, X wave Connector, Zig-Zag(5-3-5) correction bringing price down to temporarily invalidate 2B bottom 'buy in' signal on the Daily time frame. That was my original feeling as can be seen/read in my first charts concerning the correction, and this count fits it.

noble1ones

Upon scrutinizing my EW pattern labels from where I believe the correction began, I realized that I had mislabeled Wave C prematurely in the Expanded flat as a Wave C in a Running Flat. This error threw the rest of the count out of whack. Prior posted charts can be viewed to see the mislabeling error. Therefor I corrected it as can be seen in this zoomed in part...

noble1ones

This is an unfortunate occurrence with EW mislabeling. However, it definitely tells us quite clearly when and where we are wrong in a big way. That regressive breakout from the labeled triangle cannot be denied. I decided to relabel the way I did based on a bullish scenario that I still believe in. If the prior low aka 'bottom' is taken out, then major relabeling...

noble1ones

Support in the pattern got tested & Defended .............

noble1ones

X wave connecting to third pattern in the Triple combination complex correction is complete with a failed proregressive thrust in wave c. Now we patiently watch the third and final corrective pattern develop.

noble1ones

This is the Bullish Classic Symmetrical Triangle printing/forming in the right shoulder of the inverted head & shoulders pattern.

noble1ones

I decided to create a classic TA chart as well. This particular pattern clearly defines an Inverted Head & Shoulders Pattern. I decided to mark it up in bold purple lines over the EW labels in order to prevent erasing and redrawing them. The right shoulder also appears to be printing/forming a Classic Bullish Symmetrical Triangle. I didn't mark it in order to keep...

noble1ones

Alternate Count the "dreaded prolonged triple 3" rather than a double 3 combined complex correction. Bitcoin appears to be in the midst of a regressive wave B triangle within a proregressive zig-zag X Wave. The alternate count to this would be at a lower degree and rather than a Wave B in an X wave, it would be a triple complex pattern ending in a triangle in Wave...